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Judges should make decision reasonably and wisely, winning trust of people: Yangon Chief Minister

Judges should strive to assess cases and give verdicts reasonably and wisely, winning the trust of the people, Yangon Chief Minister U Phyo Min Thein. The move came from the speech of the Yangon Chief Minister to the coordination meeting of regional judicial related departments and organizations regarding judicial strategic plan (2018-2020) held at the […]

Prioritised sectors, new investment opportunities in Yangon laid out

At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yangon deep sea port, development […]

Yangon Chief Minister Unveils 5-Point Vision for Economic Growth

YANGON — Yangon Chief Minister U Phyo Min Thein vowed to focus on economic growth in 2018 and laid out a five-point vision for the city’s development at the Yangon Investment Forum on Wednesday. U Phyo Min Thein said boosting the city’s economy would be one of the regional government’s priorities this year, along with […]

Once in high demand, Myanmar-made furniture faces imminent decline

Myanmar furniture, once renowned for its quality and craftsmanship, appears to have lost its appeal in domestic and international markets. Local demand has plummeted owing to soaring prices, while overseas interest has dwindled due to declining quality over the past few years. Meanwhile, a rising number of households and offices have instead been importing furniture […]

Investor interest in New Yangon City project rises, more FDI expected

Since its launch in early April, investor interest in the New Yangon City project from China, South Korea and ASEAN has been on the rise, Yangon Chief Minister U Phyo Min Thein said during a press conference at the 2018 Yangon Investment Forum on April 20. The Yangon Region Government is now courting foreign direct […]

After Suu Kyi Intervention, Yangon Govt Works to Solve Landfill Fire

NAYPYITAW — Yangon Chief Minister U Phyo Min Thein held a hasty meeting late last night after Myanmar State Counselor Daw Aung San Suu Kyi offered assistance to his government as a huge landfill fire in Yangon’s Hlaing Thayar Township worsened, threatening public health. It was the first high-level meeting held by the Yangon government […]

MPU cards, Visa and MasterCard credit cards to be enabled under YPS

Bank account holders will be able to use their ATM cards as prepaid cards under the Yangon Payment Services (YPS) scheme, said Yangon Chief Minister U Phyo Min Thein. The Yangon Regional Government is currently in the process of awarding the contract to implement YPS to one of two companies: Anypay Payment Services or Asia […]

Yangon Investment Forum Hopes to Garner Foreign Interest

YANGON — The Yangon Region Investment Committee hopes to boost foreign investment through an upcoming investment forum that is slated for May 9. Yangon Chief Minister U Phyo Min Thein, who also chairs the Yangon Region Investment Committee, told reporters at a press conference on Friday that the country’s commercial capital has a high potential […]

Yangon mulls construction of sea port at river

Plans to build an international sea port at the mouth of the Yangon River, which will be strategic for Myanmar and its neighbours, are underway, Yangon Chief Minister U Phyo Min Thein said yesterday at the meeting with Vice President held at Republic of Myanmar Federation of Chamber of Commerce and Industries (UMFCCI). “Singapore has […]

Yangon provides timeline, details of new projects

The Yangon Region Government will this year commence development of several new projects including the construction of two new townships and a Special Economic Zone (SEZ) in Yangon under the city’s Urban Development Master Plan. Among the projects slated for 2018 are two new townships – Kyee Myin Daing and Dala- as well as an […]